IIA Releases New Practice Guide: Creating an Internal Audit Competency Process for the Public Sector

Recognizing that public sector auditors face unique challenges that require tailored guidance, The IIA has released Creating an Internal Audit Competency Process for the Public Sector, the second Practice Guide specifically for government auditors.

The audit function’s effectiveness is impacted by unique public sector characteristics, including:

The demand for a high level of transparency and performance.

The usual absence of a profit motive.

A wide variety of organizational forms (e.g., national, regional, and local governments and quasi-governmental and international government organizations).